1) The ABC Manufacturing Company produces table lamps and they have been in business

for 20 years. For the month of August, they have the following data:

Direct labour

.......................................................

$46,000

Direct materials used

......................................

84,000

Total manufacturing overhead

....................

60,000

Ending work in process

..................................

30,000

Beginning work in process

...........................

40,000

Selling & Administrative expenses.........

..

25,000

Calculate: a) total manufacturing costs, b) cost of goods manufactured, and c) Explain the

difference between a)and b)